Are You Heading Towards Personal Bankruptcy?

Women always love to lead glamorous lives. Surgical enhancements to highlight our..um..assets, a collection of latest fashionable wear in the wardrobe, sparkling jewelries, luxury living, milk baths, and frequent shopping sprees. Plus a bevy of handsome, well-dressed escorts, as finishing touch. What else is there to ask?
Yet this lifestyle costs money. Lots and lots of money. This self-induced grandiose living compels some women to live far beyond their means. In other words, they could not afford it. Yet they go on living a double life, projecting a hollow opulence to their friends. Soon, reality catches up with them. And if it does, the result always point to a lamentable personal bankruptcy.

There are small yet recognizable symptoms that, if ignored, can catapult you to imminent financial disaster. These are:

1.) You can't track where your salary goes. Minutes after you receive your paycheck seems a blur, and before you know it, your money's gone.
2.) You know you have to buy and eat fresh fruits but the amount left in your purse is only good for a bar of second-grade chocolate bar.
3.) You know you will have a hefty Christmas bonus. So you indiscriminately borrow money to splurge on those on sale items at the mall.
" I'll pay you when I get my Christmas bonus," you promised your friends.( You head straight to the mall and tell yourself that lavender satin scarf at display window looks great on you although you already have a dozen scarves in your wardrobe). When Christmas time came, every penny of your bonus can hardly pay your debts.

4.) You applied for another credit card. You want to purchase through credit card that hip-looking iPhone to impress your office colleagues. You cannot use your other cards because you have already maxed out ceiling limit with your four other credit cards.
5.) Letters of notices flood every cabinet in your room.
6.) You're way behind your car payments, and your landlady can hardly smile at you after failing to pay the rent for three successive months.
7.) You keep changing your cell phone SIM card because of an increasing number of debt collectors calling you nonstop for payments.
8.) Your ref contains nothing but several recycled mineral water bottles you filled with tap water. Ah, yes, there's also a crust of bread now turning brown due to growing molds.


Are you in this rut? Don’t' worry. There's still hope. You can still avoid the impending financial wreck if you act decisively with these timely remedies:


1.) Stop incurring debt, and attend to those ones that needed immediate payment.
2.) Prioritize on essentials.
3.) Draw up a budget, and spend less that what you earn.
4.) Consolidate your debts.
5.) Surrender all your credit cards. All, period.
6.) Live within your means. You may have to forget that brand-new designer leather shoes you fancy at the mall.
What about your accumulated jewelries, dresses and other unused stuff that have been collecting dust in your drawer? Dispose them by holding a garage sale. You'll meet friends this way. And what about your car? It's up to you. But in your present financial condition, you will better off without it.
These are tough decisions, I know. But sometimes we have to make painful sacrifices to get our bearing straight and avoid financial bankruptcy.
That, I think, is well worth the efforts.